Splunk Inc.

Informe acción NasdaqGS:SPLK

Capitalización de mercado: US$26.4b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Splunk Dirección

Dirección controles de criterios 1/4

El CEO de Splunk es Gary Steele , nombrado en Apr 2022, tiene una permanencia de 1.92 años. compensación anual total es $51.21M, compuesta por 1.4% salario y 98.6% primas, incluidas acciones y opciones de la empresa. posee directamente un 0.14% de las acciones de la empresa, por valor de $38.25M. La antigüedad media del equipo directivo y de la junta directiva es de 1.9 años y 9.5 años, respectivamente.

Información clave

Gary Steele

Chief Executive Officer (CEO)

US$51.2m

Compensación total

Porcentaje del salario del CEO1.43%
Permanencia del CEO1.9yrs
Participación del CEO0.1%
Permanencia media de la dirección1.9yrs
Promedio de permanencia en la Junta Directiva9.5yrs

Actualizaciones recientes de la dirección

Recent updates

Seeking Alpha • Jan 29

Splunk Trading At An Implied Yield Close To 9.95% While Risk Is Mitigated

Summary Cisco Systems, Inc. is acquiring cybersecurity company Splunk Inc. for $30 billion, representing a 30% premium. The deal is expected to close within the 100 to 150-day window, potentially resulting in annualized returns of 10.07% to 43.68%. The HSR clearance and the cybersecurity sector's performance indicate a high likelihood of deal completion, estimated to be above 95%. Read the full article on Seeking Alpha
Seeking Alpha • Oct 05

Splunk files copyright lawsuit against Cribl

Splunk (NASDAQ:SPLK) said Wednesday it filed a lawsuit against Cribl in the U.S. District Court of Delaware, alleging patent and copyright infringement as well as unfair competition. SPLK alleged that Cribl unlawfully misappropriated its source code and confidential materials. SPLK claimed Cribl CEO Clint Sharp founded his company using code he took from SPLK when he was an employee of the firm without permission to do so.
Seeking Alpha • Sep 23

Splunk: Buy It And Forget About It

Summary Shares of Splunk have continued to slide after the company posted strong Q2 results. It is one of the few tech companies to actually increase its guidance for the full year, as opposed to many peers slicing outlooks. Now in a mature phase with its subscriptions transition, Splunk is hitting >30% y/y revenue growth while also making huge operating margin gains. The company trades at an attractive As the market retreats deeper and deeper into correction mode, it is an excellent time for brave investors to make long-term plays in fantastic companies that have fallen out of fashion. The mid-cap tech space, in particular, has plenty of fundamental powerhouses that are trading at fire-sale levels, and investors with cash to deploy can benefit from truly unmissable entry points. Splunk (SPLK) is one company that bears special mention. This machine-data platform is one of the most prominent names in big data analytics, and its technology is a mission-critical tool that helps businesses derive insights from data already generated from their internal systems. Year to date, shares of Splunk are down ~30% - more modest than most tech peers, but still not in line with the vast fundamental wins the company has scored recently, most notably in largely completing its transition to a subscription-based business model. Data by YCharts I remain bullish on Splunk. This is a fantastic company that now has a powerful ARR base, a best-in-class technology that is widely regarded in the industry, and on track to becoming immensely profitable thanks to its rich gross margin profile and opportunities for operating leverage. Here's a full rundown on what I think to be the key bullish drivers for Splunk: The use cases for Splunk are infinite - In its early days, Splunk's machine data-mining capabilities were often used for security purposes to flag and respond to anomalies within corporate systems. But as Splunk has evolved, the company's machine data capabilities are applicable across virtually any industry and across many functions. Usage-based pricing - Some of the most successful software stocks are usage-based, meaning that revenue climbs proportionally to a customer's usage of the product. Splunk's platform is charged on a data volumes/computing power basis. As data volumes continue to explode and companies push the boundaries of how they integrate data into operations and decision-making, Splunk has a tremendous opportunity to derive growth from within its install base. Splunk isn't without competitors, but the company's focus on machine data is unique. It's also the largest company in the space. The company's closest large/public peers are the monitoring companies like Datadog (DDOG) and New Relic (NEWR), which primarily focus on monitoring the performance and uptime of applications and infrastructure. Splunk focuses on visualizing and analyzing machine data (information passively generated by computers, phones, and other endpoints within networks). We note as well that Splunk's ~$3.3 billion annual revenue scale makes it twice as large as its next-closest competitor, Datadog. Industry-wide recognition - More to the point above, it's fine to have competition when Splunk also is widely considered the best-in-breed vendor for machine data analytics. Gartner, the software industry's leading analyst and reviewer, has bestowed the "Leader" designation to Splunk in the security information and event management space, and also named it as the vendor with the highest ability to execute. These commendations don't come lightly to IT buyers when making a purchase decision. Significant international expansion opportunity - Splunk has become a global brand name, and it's time for Splunk to chase more opportunities overseas. Currently, only about ~35% of its revenue base comes from international markets (and an even smaller ~20% slice of the cloud business is overseas). I see significant opportunity for Splunk to expand its presence outside of the U.S. On a more near-term basis, note that Splunk is one of the only tech companies in the Q2 earnings season to increase its full-year outlook. This stands in stark contrast to many other tech stocks that have cut their full-year guidance, citing a number of woes ranging from slowing deal cycles to FX pressures. It is important to note that one of the drivers here is that the weaker macro environment caused many of Splunk's customers to delay their cloud migrations, resulting in higher upfront license revenue. Still, Splunk's valuation fall in light of these strong results is baffling (it's only in sympathy with the rest of the market, and doesn't make sense on a standalone basis). At current share prices near $80, Splunk trades at a $13.00 billion market cap. After we net off the $1.79 billion of cash and $3.87 billion of debt on Splunk's most recent balance sheet, the company's resulting enterprise value is $15.08 billion. The company's latest revenue outlook is $3.35-$3.40 billion, representing 25-27% y/y growth - up two points on both the high and low end from its prior range. It's also worth noting that the company expects pro forma operating margins now at 8%, six points higher than 2% in the year-ago quarter. ARR expectations are down, driven both by FX translation impacts as well as the aforementioned delays in cloud migration. Splunk guidance update (Splunk Q2 earnings deck) Against Splunk's latest revenue outlook, the company trades at 4.5x EV/FY23 revenue. If we look ahead to FY24 (the year for Splunk ending in January 2024), where Wall Street consensus is calling for 19% y/y revenue growth to $4.05 billion (data from Yahoo Finance), Splunk's multiple compresses down further to just 3.7x EV/FY24 revenue. The bottom line here: Splunk is a known quantity in the software industry and is trading at an incredible opportune multiple. Don't miss the chance to get in on this stock at what I consider to be a very low-risk price. Q2 download Let's now go through Splunk's latest Q2 results in greater detail. The Q2 earnings summary is shown below: Splunk Q2 results (Splunk Q2 earnings deck) Splunk's revenue grew 32% y/y to $798.8 million, beating Wall Street's expectations of $737.0 million (+22% y/y) by a wide mile. The main driver here, as previously noted, is higher than expected license revenues, due to customers delaying their cloud transitions. Still, we don't think there's any cause for concern for the long-term viability of Splunk's recurring revenue buildup. Splunk still grew total ARR in the quarter to $3.33 billion, up 27% y/y, and adding $121 million of net-new ARR in the quarter. And as seen in the chart below, the company now has 723 customers who generate a total ARR in excess of $1 million, adding 33 such customers in the quarter (more than 15 in Q1).

Análisis de compensación del CEO

¿Cómo ha cambiado la remuneración de Gary Steele en comparación con los beneficios de Splunk?
FechaCompensación totalSalarioIngresos de la empresa
Jan 31 2024n/an/a

US$264m

Oct 31 2023n/an/a

US$106m

Jul 31 2023n/an/a

-US$23m

Apr 30 2023n/an/a

-US$170m

Jan 31 2023US$51mUS$730k

-US$278m

Compensación vs. Mercado: La compensación total de Gary($USD51.21M) está por encima de la media de empresas de tamaño similar en el mercado US ($USD14.80M).

Compensación vs. Ingresos: Datos insuficientes para comparar la compensación de Gary con los resultados de la empresa.

CEO

Gary Steele (61 yo)

1.9yrs
Permanencia
US$51,212,720
Compensación

Mr. Gary L. Steele serves as President, Chief Executive Officer and Director at Splunk Inc. since April 11, 2022. He served as Interim Principal Financial Officer of Splunk Inc. from September 26, 2022 to...

Equipo directivo

NombrePosiciónPermanenciaCompensaciónPropiedad
Gary Steele
President1.9yrsUS$51.21m0.14%
$ 38.3m
Brian Roberts
Senior VP1.2yrsUS$6.15m0.074%
$ 19.7m
Scott Morgan
Senior VP7.2yrsUS$9.30m0.068%
$ 18.0m
Brian Kayman
Chief Accounting Officerless than a yearsin datos0.023%
$ 6.1m
Wang Min
Chief Technology Officerless than a yearsin datossin datos
Declan Morris
Chief Information Officerno datasin datossin datos
Ken Tinsley
Head of Investor Relationsno datasin datossin datos
Claire Hockin
Senior VP & Chief Marketing Officer2.7yrssin datossin datos
Sharyl Givens
Senior VP & Chief People Officer1.4yrssin datossin datos
Ammar Maraqa
Senior VP & Chief Strategy Officer4.2yrssin datossin datos
Seema Haji
Area Vice President & Head of Platform and Industry Marketingno datasin datossin datos
Christian Smith
Senior VP & Chief Revenue Officer3.5yrssin datos0.084%
$ 22.3m
1.9yrs
Permanencia media
58yo
Promedio de edad

Equipo directivo experimentado: El equipo directivo de SPLK no se considera experimentado ( 1.9 años antigüedad media), lo que sugiere un nuevo equipo.

Miembros de la Junta

NombrePosiciónPermanenciaCompensaciónPropiedad
Gary Steele
President1.9yrsUS$51.21m0.14%
$ 38.3m
Cameron Myhrvold
Board Advisor16.5yrssin datossin datos
Graham Smith
Independent Chairman of the Board13.2yrsUS$12.13m0.020%
$ 5.3m
Patricia Morrison
Independent Director10.9yrsUS$268.48k0.021%
$ 5.5m
Mark Carges
Independent Director9.5yrsUS$276.54k0.013%
$ 3.4m
Frederick Felman
Member of Advisory Boardno datasin datossin datos
Elisa Steele
Independent Director6.5yrsUS$260.10k0.0053%
$ 1.4m
Ray Suorsa
Member of Advisory Boardno datasin datossin datos
Ethan Galstad
Member of Advisory Boardno datasin datossin datos
Diane Hagglund
Member of Advisory Boardno datasin datossin datos
Brent Chapman
Member of Advisory Boardno datasin datossin datos
Luis Visoso
Independent Director1.9yrsUS$507.19k0.0026%
$ 674.3k
9.5yrs
Permanencia media
61yo
Promedio de edad

Junta con experiencia: La junta directiva de SPLK se considera experimentada (9.5 años de antigüedad promedio).

Análisis de la empresa y estado de los datos financieros

DatosÚltima actualización (huso horario UTC)
Análisis de la empresa2024/03/18 05:38
Precio de las acciones al final del día2024/03/15 00:00
Beneficios2024/01/31
Ingresos anuales2024/01/31

Fuentes de datos

Los datos utilizados en nuestro análisis de empresas proceden de S&P Global Market Intelligence LLC. Los siguientes datos se utilizan en nuestro modelo de análisis para generar este informe. Los datos están normalizados, lo que puede introducir un retraso desde que la fuente está disponible.

PaqueteDatosMarco temporalEjemplo Fuente EE.UU. *
Finanzas de la empresa10 años
  • Cuenta de resultados
  • Estado de tesorería
  • Balance
Estimaciones del consenso de analistas+3 años
  • Previsiones financieras
  • Objetivos de precios de los analistas
Precios de mercado30 años
  • Precios de las acciones
  • Dividendos, escisiones y acciones
Propiedad10 años
  • Accionistas principales
  • Información privilegiada
Gestión10 años
  • Equipo directivo
  • Consejo de Administración
Principales avances10 años
  • Anuncios de empresas

* Ejemplo para valores de EE.UU., para no EE.UU. se utilizan formularios y fuentes normativas equivalentes.

A menos que se especifique lo contrario, todos los datos financieros se basan en un periodo anual, pero se actualizan trimestralmente. Esto se conoce como datos de los últimos doce meses (TTM) o de los últimos doce meses (LTM). Más información.

Modelo de análisis y copo de nieve

Los detalles del modelo de análisis utilizado para generar este informe están disponibles en nuestra página de Github, también tenemos guías sobre cómo utilizar nuestros informes y tutoriales en Youtube.

Conozca al equipo de talla mundial que diseñó y construyó el modelo de análisis Simply Wall St.

Métricas industriales y sectoriales

Simply Wall St calcula cada 6 horas nuestras métricas sectoriales y de sección. Los detalles de nuestro proceso están disponibles en Github.

Fuentes analistas

Splunk Inc. está cubierta por 39 analistas. 28 de esos analistas presentaron las estimaciones de ingresos o ganancias utilizadas como datos para nuestro informe. Las estimaciones de los analistas se actualizan a lo largo del día.

AnalistaInstitución
Adam ShepherdArete Research Services LLP
Joseph BonnerArgus Research Company
Raimo LenschowBarclays